Founded in South Bend, Indiana in 1947, Steel Warehouse, LLC (“Steel Warehouse”) is a family-owned, downstream steel manufacturer engaged in transforming raw steel into various finished products. Steel Warehouse has grown from one location in South Bend to nine manufacturing facilities spread across the Midwest and Upper South, and welcomes a third generation of family members into leadership positions.

Steel Warehouse Alabama, LLC (“SW Alabama”) was conceived to function as a pickling operation for raw steel purchased from the new ThyssenKrupp steel mill in Calvert, AL.  The $32.0 million facility would apply an acidic solution to the raw steel, removing surface impurities and preparing the steel for its end users.  In June, 2013, Crescent Growth Capital worked with Steel Warehouse Alabama, LLC to close and fund a $10MM Alabama State NMTC QEI to fund the construction of the new steel pickling plant.

The Steel Warehouse plant epitomizes the ancillary investment that Alabama intended to attract to the state when it signed its NMTC program into law in August, 2012.  The new Steel Warehouse plant will create 65 new full-time jobs at competitive pay with full benefits for a community with a population of 277 as of the 2010 census.  Furthermore, the new pickling plant will require an additional 35 full-time employees at the ThyssenKrupp mill.